Stock Market & Financial Investment News

Pioneer Natural to recognize noncash loss of approximately $30M Pioneer Natural Resources announced that the company closed its previously announced sale of its Alaska subsidiary to Caelus Energy Alaska for cash proceeds of $300M, subject to normal closing adjustments, plus other consideration. The company expects to recognize a noncash loss of approximately $30M associated with the sale when it reports earnings for 1Q14.

House Energy & Commerce Committee to hold a hearingThe Subcommittee on Energy and Power holds a hearing entitled, "21st Century Energy Markets: How the Changing Dynamics of World Energy Markets Impact our Economy and Energy Security" with Chairman & CEO Sheffield of Pioneer Natural Resources and SVP Burnett of Delta Airlines on March 3 at 1:30 pm.. Webcast Link